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NDR Sector Allocation Strategy Commentary - February 2025

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After a small pullback in December, the S&P 500 Total Return Index rebounded about 2.8% in January. Financials, Health Care, In dustrials, Energy, Consumer Discretionary, and Utilities are above benchmark weight. Informa tion Technology, Communication Services, Real Estate, Materials, and Consumer Staples are below benchmark weight.

Ned Davis Research | NDR Sector Allocation Strategy Commentary | Monthly

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